Market Overview:
The Food Emulsifiers Market size is estimated to reach $4.6 billion by 2030, growing at a CAGR of 4.9% during the forecast period 2024-2030, according to a recent report published by IndustryARC, titled, “Food Emulsifiers Market – By Product Type (Lecithin, Mono-Di-Glycerides & Derivatives, Sorbitan Esters, Stearoyl Lactylates, and Others), By Application (Dairy & Frozen Products, Bakery & Confectionery, Convenience Food, Beverages, Meat and Others), By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030”
Growing consumption of processed foods and convenience foods and rising growth in bakery sector are fueling the growth of the Food Emulsifiers industry during the forecast period.
North America Dominated the Market in 2023:
North America stands as the largest market for food emulsifiers, holding a significant share of 48% in 2023. This dominance is attributed to the robust demand for bakery products, convenience foods, and frozen foods. The increasing consumption of processed food, which surged by 53% in the U.S., is driven by changing social and economic patterns, as well as evolving meal habits. With over 50,000 metric tons of emulsifiers produced annually in the U.S., the market is buoyed by the need to enhance taste, structure, and quality in food products, leading to estimated sales of 250–300 million USD in 2023.
Food Emulsifiers Market: Key Takeaways
Growing Consumption of Processed Foods and Convenience Foods have Readily Aided the Market Growth:
The recent surge in processed food availability through various retail channels has significantly boosted consumption. Food emulsifiers are essential in food and beverage production, enhancing smoothness and stabilizing emulsions. Their usage is particularly high in manufacturing instant noodles, macaroni, fresh noodles, and spaghetti. As food manufacturers increasingly embrace automation, productivity rises, further driving processed food consumption. This growing demand for convenience foods has compelled global manufacturers to expand plant capacities. In 2023, U.S. processed food exports reached a value of $7.4 billion, with Canada and Mexico as the top markets, together accounting for 40% of total exports.
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Rising Growth in Bakery Sector have Readily Aided the Market Growth:
The coronavirus pandemic has significantly increased consumer cravings, leading to a rise in baked goods consumption. Approximately 28% of Americans reported eating more baked goods during and after the pandemic. While the consumption of biscuits and cookies surged by 86% during the pandemic, it has stabilized post-pandemic, maintaining a higher level than in 2019. The lockdown period marked an unprecedented increase in consumption, benefiting the bakery industry. Currently, biscuits account for about 33% of total processed bakery products in 2023, with 79% produced by small-scale manufacturers. This growth in the bakery sector has consequently heightened the demand for food emulsifiers.
Scope of the Report:
Recent Developments:
- In August 2023, Vantage Food has launched SIMPLY KAKE, an Emulsifiers designed to enhance cakes and sweet goods. It offers the benefits of traditional Emulsifiers without the challenges of enzymes, providing superior operational tolerance and consistent crumb structure. SIMPLY KAKE aligns with clean labeling standards and joins Vantage Food's family of hydrated Emulsifiers, including KAKE MATE™ and PROFORM™.
Food Emulsifiers Market: Competitive Landscape
Key companies profiled in the Food Emulsifiers Market are Kerry Group, Archer Daniels Midland Company, BASF SE, Belde, Cargill Inc., Danisco A/S, Lonza Group, Lubrizol Corporation, Solvay SA, Stepan Company and others.
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